Unlocking Homeownership for Physicians: TD Bank’s Physician Mortgage Program

Navigating the world of home financing can be a daunting task for anyone, but for physicians, the unique challenges of student loans, residency, and fluctuating income add an extra layer of complexity. That’s where TD Bank’s Physician Mortgage Program shines. With over 25 years of experience, Neil Surgenor is passionate about helping physicians secure homes with a product tailored specifically to their needs.

The Appeal of Physician Mortgages

According to Neil Surgenor, a seasoned Mortgage Loan Officer at TD Bank, the physician loan is one of the most aggressive products available today. “It allows for little to no down payment, no private mortgage insurance (PMI), no funding fee, and stellar pricing,” he explains. Notably, these loans offer unique flexibility—for example, physicians can close up to 90 days before starting a new job and benefit from accommodations for student loans. These features make the program particularly appealing to both new residents and seasoned attendings.

Tailoring Solutions to Physicians’ Needs

Building trust with physician clients starts with understanding their profession, income structure, and financial priorities. “Each physician is unique, and their financing is tailored to what is best for them,” Neil shares. This bespoke approach extends to addressing common misconceptions, such as the belief that physician loans are more expensive than traditional options. In reality, physician loans often come with competitive rates and fees.

Guidance for First-Time Buyers

For physicians navigating the home-buying process for the first time, obtaining pre-approval is essential. Knowing your buying power allows you to shop confidently. Neil emphasizes the importance of partnering with professionals who specialize in physician loans, including both a knowledgeable banker and a real estate agent.

Residency adds another layer of complexity, as residents often need to plan for potential relocations for fellowship or attending roles. In such cases, adjustable-rate mortgages (ARMs) might make more sense than fixed-rate loans. For newly minted attendings with limited liquidity, lower down payment options with a recast provision can offer the flexibility they need to stabilize their finances.

Choosing the Right Mortgage Option

When comparing mortgage options, physicians should consider several key factors:

• Loan Terms: Fixed-rate versus adjustable-rate mortgages.
• Annual Percentage Rate (APR): Look beyond the interest rate to evaluate lender fees, funding fees, and PMI.
• Customer Service: The responsiveness and expertise of your mortgage banker can make or break the experience.

A Trusted Team with Proven Expertise

Neil Surgenor is backed by one of the top-performing teams in the nation. With a combined 101 years of mortgage experience and a consistent ranking in the top 1% nationwide by volume, this team has helped thousands of physicians achieve their homeownership dreams. “It’s an honor to assist physicians in building their family homes with a product they deserve,” Neil proudly states.

Staying Ahead of Industry Changes

Specializing in physician mortgages requires staying current with market conditions, updated guidelines, and regulatory changes. This commitment to expertise ensures that physicians receive advice and products that align with their specific needs and the latest industry standards.

Why Physicians Choose TD Bank’s Physician Mortgage

At the heart of TD Bank’s program is a dedication to meeting the unique demands of physicians. From accommodating fast-paced schedules to providing a product with unparalleled benefits, this program stands out as a valuable resource for medical professionals. “Getting physicians into their homes with a product they deserve is what we love most about this work,” Neil concludes.

For personalized assistance with TD Bank’s Physician Mortgage Program, contact Neil Surgenor:

• Email: [email protected]
• Phone: (212) 933-9900

Neil is ready to guide you every step of the way in achieving your homeownership goals with confidence.